ARQ (ARQ) Expected to Announce Quarterly Earnings on Monday

ARQ (NASDAQ:ARQ) is expected to announce its results after the market closes on Monday, March 9th. Analysts expect the company to announce earnings of ($0.05) per share and revenue of $28.5890 million for the quarter.

ARQ Stock Down 5.6%

Shares of NASDAQ ARQ opened at $3.21 on Friday. The stock has a 50 day moving average price of $3.56 and a 200 day moving average price of $4.95. The firm has a market capitalization of $137.03 million, a price-to-earnings ratio of -32.10 and a beta of 1.96. ARQ has a 52-week low of $3.17 and a 52-week high of $7.89. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.71 and a current ratio of 1.10.

Institutional Investors Weigh In On ARQ

A number of institutional investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. bought a new position in ARQ in the third quarter worth about $4,015,000. Marshall Wace LLP purchased a new position in shares of ARQ in the 4th quarter worth approximately $1,453,000. Renaissance Technologies LLC raised its stake in shares of ARQ by 485.8% during the 4th quarter. Renaissance Technologies LLC now owns 412,299 shares of the company’s stock worth $1,348,000 after acquiring an additional 341,918 shares in the last quarter. AQR Capital Management LLC purchased a new stake in ARQ during the fourth quarter valued at approximately $980,000. Finally, UBS Group AG lifted its position in ARQ by 606.8% during the third quarter. UBS Group AG now owns 167,283 shares of the company’s stock valued at $1,198,000 after acquiring an additional 143,615 shares during the last quarter. Institutional investors own 18.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ARQ shares. Weiss Ratings reissued a “sell (d-)” rating on shares of ARQ in a research report on Wednesday, January 21st. Canaccord Genuity Group set a $7.50 target price on shares of ARQ in a research report on Thursday, January 15th. Wall Street Zen lowered shares of ARQ from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Finally, Zacks Research upgraded shares of ARQ from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $8.75.

About ARQ

Arq, Inc is a holding company. It engages in the provision of environmental and emission control equipment to the power generation industry. The company operates through the following Segments: Refined Coal and Advanced Purification Technologies. The Refined Coal segment includes the Tinuum Group, Tinuum Services, and GWN Manager. The Advanced Purification Technologies segment refers to the sale of Activated Carbon Injection and Dry Sorbent Injection equipment systems, chemical sales, consulting services, and other sales related to the reduction of emissions in the coal-fired electric generation process and the electric utility industry.